Originally posted by @Jonathan R McLaughlin:@Lauren Hogan I remember the very-much-worth-listening to @jay hinrichs posting about this a while agothanks for the mention.. just like any city its cut into 3 or 4 areas.. from the Hood to very nice.. pick wisely.  

Sept 2024 +33% compared to last year (Sept 2023 was bad for some reason).Rest of the year is still light but hoping it picks up.

@Ethen Sanchez how did you pick this market for investing?

Agreed with @Theresa HarrisGet a contractor recommendation (or multiple) from your friend and reach out to GCs yourself to have a couple of quotes and ideas for the renovation project.During the walkthroughs, you can pick the contractor's brain regarding pricing on different material grades, efficient layout ideas, etc.

I have a few thoughts.1) You don’t have to invest where you live so I think your first move is to pick an area where you will be happy.2) I still like FL although insurance is a problem and the rental and STR market has softened.

.$112k is current passive NET income off all 15 properties$85k  projected income if I turn over to a management company (8% off the top plus doulbe repair budget)$96k  projected income from 1.5 million in lifetime annuities$87k  projected income from 1.5 million in lifetime annuities with spouse addedAll the units are at the same complex but were acquired over 20 years so i would cherry pick the newest units first since deprecation recapture is taxed at a higher rate than capital gains.   

If I had to pick which direction I should go if I want to make this an ongoing thing.

@Varun HegdeIf you have to give title policy at payoff I would absolutely have the seller provide one to you at saleWhat if there was something that was not picked up in the past that causes you to it be able to transfer clean title.

The only thing more risky than picking syndications when you don't know what you are doing is attempting to pick funds of funds managers. 

Do you pick buildium for the price or any other reason?